Actuarial Specialist

As a team member in the Finance and Internal Audit department at Nationwide, the opportunities are endless! You can grow and learn in diverse areas across many disciplines such as Advanced Analytics, Investments, Actuarial, Accounting, Risk Management, Critical Business Advisor and so much more. Let Nationwide help create your career journey!

This is a pricing role for Commercial Auto insurance in the Excess & Surplus / Specialty division of Nationwide. We are looking for someone to produce rate indications, rate filings, and forecasts. There will be plenty of opportunities to be involved in a wide variety of innovative improvements that we are developing.

This role may be staffed fully remote and will be staffed at the F band.

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Job Description Summary
Our Property and Casualty (P&C) Actuarial team members have opportunities to use state-of-the-art tools, are encouraged to innovate and learn to master actuarial methodologies. If this sounds like a place you could thrive, then we want to know more about you!

As an Actuarial Specialist, you'll gain a more thorough knowledge of our actuarial functions for our P&C products. You'll also perform increasingly complex mathematical and quantitative actuarial analyses that are crucial to the success of Nationwide and the protection we provide to our customers.

This position has the opportunity to be a part of the P&C Actuarial Rotation Program, which will give you the opportunity to work on various actuarial teams to learn and develop across different actuarial functions. Should you choose to participate in the program, you will participate in two to three rotations of two years each. Full program details will be provided to you upon your start date.

Job Description

Key Responsibilities:

• Continues to develop deeper knowledge of actuarial methodologies allowing the ability to source and manipulate more complex data within standard requirements.
• Conducts analyses, that adheres to actuarial standards, by selecting appropriate data sources and making assumptions to develop recommendations. Will note and suggest potential resolution to any unreasonable results and report to leader
• Accurately documents assumptions, methods, sources and considerations in an organized fashion.
• Prepares and presents actuarial findings and documents that are suitable for technical and non-technical audiences.
• Adheres to assigned work schedule to ensure timely completion of individual tasks and group projects. Notifies leadership anticipating of any possible missed deadlines and possible impact.
• Performs peer reviews to increase collaboration, ensure quality work and drive innovation
• Continues to develop business relationships across PC multi-channel finance. Begin developing relationships in other areas of finance to gain business acumen
• Assists with onboarding and training new associates on standard work processes.
• Uses data mining techniques to identify new relationships in data. Gains understanding and the ability to build models in different software packages. Explores the use of new software packages. Has basic knowledge of predictive modeling

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Actuarial leader.

Typical Skills and Experiences:

Education: Undergraduate degree in actuarial science, mathematics, statistics, data science or similar background requiring modeling, programming or quantitative analysis preferred.

License/Certification/Designation: Generally, has passed four or more actuarial exams and is actively enrolled into the Actuarial Development Program. PLEASE REFER TO THE NATIONWIDE PC INSURANCE COMPANY ACTUARIAL DEVELOPMENT PROGRAM FOR ADDITIONAL INFORMATION.

Experience: Generally, three or more years of actuarial experience.

Knowledge, Abilities and Skills: General knowledge of actuarial business functions, statistical methods of analysis, actuarial models, actuarial software and databases. Proficient in Microsoft Office products, analytical software and programming languages. Should have basic competencies including business understanding, problem solving, customer focus, dealing with ambiguity, drive for results and learning ability.

Other criteria, including leadership skills, competencies and experiences may take precedence.

Staffing exceptions to the above must be approved by the hiring manager's leader and HR Business Partner.

Values: Regularly and consistently demonstrates the Nationwide Values.

Job Conditions:

Overtime Eligibility: Exempt (Not Eligible)

Working Conditions: Normal office environment.

ADA: The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.

Benefits

We have an array of benefits to fit your needs, including: medical/dental, paid time off plus nine paid holidays, 401(k) with company match, company-paid pension plan, business casual attire, and more. To learn more about the benefits we offer, click here.

Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.

For NY residents please review the following state law information: Notice of Employee Rights, Protections, and Obligations LS740 (ny.gov) https://dol.ny.gov/system/files/documents/2022/02/ls740_1.pdf

Nationwide utilizes a geographic-specific salary structure. The range for this role in Colorado is$72,500.00 - $110,750.00

Nationwide pays based on a geographic-specific salary structure. The range for this role in Ithaca, New York is$72,500.00 - $149,000.00